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ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: washington's struggle to avoid going off the "fiscal cliff" resumed in earnest today. the president moved to draw on his reelection victory for new clout with congress. the goal: a sweeping deficit agreement to avert $650 billion in spending cuts and tax increases at the start of 2013. from the white house came word that president obama will try to build public pressure on congress to raise taxes on the wealthy and prevent tax hikes for everyone else. white house spokesman jay carney. >> well, the president believes very strongly that the american people matt
, tonight's market monitor guest says stock prices and the economy will grow in 2013. hank smith of haverford trust joins us. >> tom: super storm sandy keeps showing up in some economic data. this time: consumer spending. spending fell 0.2% in october. it was expected to be up that much. stocks were mixed with continued nervousness about the fiscal cliff. the dow gained just three points, the nasdaq lost nearly two. the s&p 500 was virtually unchanged. on the week, the dow up just barely. the nasdaq the biggest gainer: up almost 1.5%, the s&p up half a percentage point. >> susie: investors took a bite out of yum brands today. the stock tumbled 10% after the parent of k.f.c. and pizza hut said its business in china is slowing. yum's c.e.o. warned that china sales will fall by 4% in the fourth quarter, that's a big drop from the same period a year ago when sales surged 21%. blaming the weak chinese economy, yum also said it plans to reduce the number of restaurant openings in the asian nation. yum operates roughly 5,000 restaurants in china, accounting for half of its total sales.
put it in perspective say it going to be a tough economy for the next decade is there anything this there fiscal cliff negotiations that there would be a package for jobs or helping the economy over the next couple of years in the near term? >> well, one would hope so my own belief is there should be significant investment in roads, bridges, airports, schools, other infrastructure for this country because we not only have a fiscal deficit we also have an infrastructure deficit. that would give two advantages. one, it would employ people in this country at a time when unemployment is too high. and numb two it uld improve the competive position of the country so, that's a to-for. >> susie: senator conrad, thank you for coming to the program. we appreciate it. >> thank you, always good to be with you. >> reporter: i'm erika miller in new york. still ahead, we'll look at why silver has been one of the best performing asset classes this year. >> tom: the u.s. economy was hotter than first thought this summer. in the newest data on the gross domestic product, the economy grew in the
nations want a five-year extension. they argue major economies may not be able to agree to severe reduction targets over the long-term. japanese delegates say they will not join the extended protocol. they want to continue using something called the clean development mechanism. it allows rich countries to earn carbon off sets by providing nds and technology to poor nations to help them reduce their emissions. >>> the people in charge of the site of the world's worst nuclear accident say they have taken a big step in cleaning it up. workers have raised part of a permanent shelter around a reactor at the nuclear plant in chernobyl. the area around the plant is highly contaminated. the workers raised an arched section that will surround the destroyed unit. the number 4 reactor was covered with a concrete and metal structure after the explosion in 1986. the so-called stone coffin deteriorated and could release radioactive substances. they began believe the new shelter in april to go around it. it is 250 meters wide and 105 meters high. government officials say engineers designed the s
on the economy. tom just talked about that weak data showing businesses contracting. and we're also getting warnings on weak corporate profits. so doesn't this give you pause about buying in this market right now? >> i think, i just got back from two weeks in europe speaking to portfolio managers in seven different countries. they are profoundly underinvestmented in the u.s. the endowment funds in this country are profoundly underinvested in u.s. equities. a lot of portfolio managers are hoping equities go down as measured by the s&p so their underperformance doesn't look as bad. if the market doesn't go down here i think they will be forced to chase not end of the year. >> susie: uh-huh. beyond stocks, give us your thoughts on bonds, on gold, and other commodities. >> i think gold is in a secular bull market. i think it's just been consolidating the big run it has had and will eventually go higher. bons i think with the re-election of president obama it pretty much insurances you will have low-interest rates for the next 18 to 24 months at least on the shored end of the yield curve. but i
is expecting, what would that meanor jobs in delaware, and also for your state's economy? >> well, across the country, i think this whole issue around taxes and around the fiscal cliff generally leads to something else, which is significant uncertainty. and whether it is delaware or whether it is any other state, one of the things that is most important to us is having business leaders have some kind of certainty about what the ground rules are going to be. not just for the next three months, by the way. but really for the next several years. they're more likely to invest, more likely to hire their next employee if they know what the game looks like. what the landscape looks like. and so as much as anything else, we think having that certainty, having that clarity on taxes and spending, is really important. >> susie: you said you are also very concerned about where growth is going to come from. did you discuss that with the president, won did he say, aside from tax increases and spending cuts? >> one of the things we specifically talked about was infrastructure. it didn't used to be that
businesses. >> going over the fiscal cliff will hurt our economy and hurt job creation in our country. this is not good for our country. it's as simple as that, and the president understands it. >> reporter: corporate leaders were also making the rounds. a group from the simpson/bowles backed organization "fix the debt" stopped in for talks on capitol hill. and later, c.e.o.s from yahoo, archers daniel midlands, caterpillar and other companies headed to the white house for a meeting with the president. >> i'd like to hear the president's views about where the country is headed and support him any way we can. >> reporter: treasury secretary timothy geithner will meet with congressional leaders tomorrow, so there is hope serious face- to-face negotiations will soon be under way. darren gersh, "n.b.r.," washington. >> susie: one of the c.e.o.s meeting with lawmakers today joins us. he is david cote, c.e.o. of honeywell. david, thank you so much for joining us. we really appreciate it. did you get the sense from house speaker boehner, he is ready to make a deal? >> i would say there is a
forward to a positive impact on the local economy. >>> thailand's auto industry was one of the hardest hit by last year's devastating floods. auto makers are a pillar of the thai economy. with factories ruined production was halted for months. this year has seen a dramatic turn around with record high production as nhk world reports. >> reporter: the thailand international model export is taking place here in bangkok. 38 automobile companies are showing off their new models. thailand's models show is one of the biggest in southeast asia. it kicked up last weekend attracting consumers to a new set of wheels. japan's honda has unveiled an eco friendly new brand for asian markets. rival nissan is showing it is popular compact car with more options to customize the interior of body color. 2012 has been a landmark year for the thai auto industry. annual production passed 2 million units. >> translator: today is the day we celebrate the great success of the local automobile industry. i believe we will be back celebrating production of 3 million units in the very near future. >> translator: we co
.s. gdp. it's been revised upwards. commerce department officials say the economy for the july to september quarter dp eer grew a annualized 2.7%. exports were revised to mark an increase of 1.1%. earlier predictions headed for fall of 1.6%. housing investment was revised slightly down toward to 14.2% but maintain strong growth. >>> consu consumer spending was revised down 0.6 points to a growth rate of 1.4%. overall gdp mark significant growth but uncertainty remains. consumption is growing. there is the fiscal cliff to consider. >>> now let's turn to japan. the jobless rate in october remained flat compared to the previous month. the internal affairs ministry said unemployment stayed at 4 4.2%. officials at the labor ministry say the ratio of job vacancies to seekers declined. it says 80 positions were open for every 100 job seekers. the industrial output posted an increase in october for the first time in four months. the index stood at 88.1 against a reference value of 1205. this was due to increases in the electronic parts and devices industry as well add the fabricated me
back on its feet, it involves finding a way to help greece's economy actually return to growth. while some of the terms of the deals were a little more favorable than many had feared, at the end of the day, you have to find a way to help these economies grow. that probably means pausing some of that austerity. >> susie: you talk about it being a favorable deal, and you picture that other troubled companies in europe are saying, i want a deal just like greece got. what does that mean for the european economic recovery? >> i think it certainly complicates things a little bit. there is clearly an issue of moral hazard. many other countries may look to the deal that greece got and say, hey, maybe i can get a similar-type deal. in the end, when we think about what is plaguing personal europe, a lot of it has to do with austerity which has been forced on the economies, which are really, really depressed, and pushes them deeper into the hole. part of what needs to be done moving forward is pausing some of that austerity. you can't go to a country in a very bad recession, and tell them to inc
'd reinforced that position to congressman cole. >> you're not going to grow the economy if you raise tax rates on the top two rates. it'll hurt small businesses, it'll hurt our economy, it's why it's not the right approach. we're willing to put revenue on the table as long as we're not raising rates. >> brown: despite the president's talk of changing minds, "politico's" manu raju says that privately, house republicans think they can win this fight. >> right now the republican leadership feels pretty confident that they have most of their folks in line. they all generally support keeping tax rates low for virtually for every single income group. they do not want to see incomes increase for that top tax bracket. >> brown: meanwhile, on the senate floor, minority leader mitch mcconnell criticized democrats for putting social security off limits in any deficit deal. >> as for social security, the only thing we hear from why in the world wouldn't they want to talk about the fact that this vital program started spending out more than it took in 2010, for the first time in nearly 30 years and that it
in 2009. candidates will outline their view on how to right the japanese economy. they'll outline they're vision for how to supply the country's energy need after the nuclear disaster in fukushima. the official campaign lasts 12 days. voters head to the polls on sunday, december 16th. >>> there's another launch of long rang ballistic miss. >> caller:. there mi missile. north korean officials say the launch will happen between december 10th and 22nd be the rocket will head south. may that he had similar preparations in april. that launch ended in failure. they've given their schedule and planned trajectory to the u.n. in charge of maritime safety. officials with the international maritime organization say the north koreans pn to launch twee 7:00 a.m. and noon local time. the first stage of a three stage missile is expected to fall in the yellow seat west of south korea. the second is expected to land east of the philippines. alerts to shipping companies have been issued. government officials in seoul have seen the scenario before. foreign ministry officials met separately with envoys fr
share prices are edging higher as concerns about the u.s. economy are receding. the nikkei average at 9371, a gain of .7% from wednesday's close. export-related issues, including automakers, are leading the market advance. and taking a look at other markets open in the asia-pacific, we're seeing south korea's kospi trading higher by .9%, 1929. and in australia, the benchmark index is trading higher by .4%, 4465. we'll see where china takes us in the next hour. >>> countries around the world are accelerating moves to solidify trade relations. among them, japan and the european union are seeking an economic partnership. but france's trade minister says yeahn pa will have to meet certain conditions before that happens. eu trade ministers will begin discussions on thursday on whether to approve the start of negotiations with japan for an economic partnership agreement. japan would have to agree to review the trade pact if french imports of japanese autos soared. she also said japan is protecting its public works sector as well as railroads and farming. she said france will strongly urg
on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: the battle for control of syria reached ever closer to the capital today. heavy fighting flared near the damascus airport, and online access was cut, as the pressure intensified on president bashar al-assad. we have a report narrated by jonathan rugman of "independent television news." >> reporter: it could be the west's worst nightmare. jubilant jihadist fighters near damascus. this group has captured a helicopter and these islamists are now in the vanguard of syria's rebel army. syrian warplanes and helicopters were filmed attacking the fringes of the capit
with is good, if it is fair and just, and moves the countries economy, and starts declining the deficit then it's good. and the process will have worked. if it isn't, then we can revisit the process and say the process was flawed. >> the process getting there is the hard part. we could all in our heads draw up a deal but he has had people over the last couple of weeks, republicans king risk. boehner took a risk, tom cole took a risk and he undercut them. he made them look stupid with what he did yesterday. they feel furious, they feel burned so you have to help your people along. you have to make it more possible. and so that's why i think you just got to what he offered was not only a balanced deal that would be fine if he offered something balance, he offered something even worse from the republican point of view than what he had offered a couple years ago. so he started with drawing things off the tab and it seemed like chest beats. >> we just went through an election, david. the republicans are the ones who are for medicare kurkts they really are. so what he is basically saying is okay this
Search Results 0 to 16 of about 17 (some duplicates have been removed)